Bitcoin (BTC) Morning Update: Higher Highs Are Needed!!
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SUMMARY
NOTE: If this blog gets downvoted; @ranchorelaxo has our backs!!
Bitcoin (BTC) overnight price action was uneventful. What is needed next is a higher high to confirm the resumption of uptrend. The chart below shows the white subewaves of circled blue 3. A higher high past $16,455 would confirm the decisive execution of white wave 3 of circled blue 3. Note that blue circled wave 3 is targeted for $23k and wave 5 is targeted for $26k. Following these, a requisite correction is expected, as usual, and then onwards up towards $30k or higher.
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.**
The comments of @nijeah have been classified as spam / moderatley annoying / hateful and are meant to make the comment section unreadable by using unreasonable blank space.
our apologises for the disturbance caused by this event that is outside of our control for now.
We can invite you to mute this person to not be disturbed in your next reading as shown below:
Have a nice day !
Looks like we are going to 8-9k, currently on subwave 3 downwards"
I am not sure whats going to happen. BernieSanders just put out a blog threatening anyone that supports @Haejin. Be ready for a massive bot attack. Bastard can't call it quits and leave us alone to make this money!!
Yes and i will start to bring you down worst indicator followers ever.
Because of the south korea regulations, buts that not going to be the problem, its going to raise again
Thank you so much.
What do you think about that alternate scenario?
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Thank you for the information @haejin....have a great day ahead.
@haejin
Hey my friend! Is this anything to worry about???
Thanks for your upadate on BTC, super helpful! Can you post an analysis on Reddcoin and Humaniq?
BTC is getting close to its Apex. :)
https://www.tradingview.com/x/dsxP2B3Y/